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, and the healthcare sector was one condition in which it was never right, and similar to my own work on economics of asymmetric information -- >> core understanding. >> what it showed is the reasonable the invisible hand seems invisible is that it's not there. and this gesture is a real case on point. >> just to add, all abstract reasoning, but thenk at reality and it's overwhelming. the -- looking across countries can the united states has the most market oriented healthcare system and the most expensive without getting better results. >> we're ranked 37th in the world in the world health organization in terms of quality. >> within the united states, although medicare is very expensive, it has been much more successful at cost control than private insurers have been, medicaid even more successful, and the crazy thing about america, we actually have everything -- all possible systems of some version here. the veterans health administration, which is true socialized medicine, the doctors are government employees -- is incredibly efficient relative to the rest of the health care system. >> you did
Search Results 0 to 0 of about 1